Pepe Coin

Pepe

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-coin-experiences-significant-price-surge/" data-wpel-link="internal">Pepe Coin Experiences Significant Price Surge</a><br></p>
<p style="text-align: justify">Contrary to recent <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> movements, Pepe’s price saw a notable rise this week. The supply pressure from the previous all-time high resistance of $0.0000108 caused the token to drop by 18.8%, trading at $0.00000943. With Bitcoin at $67,000, the PEPE price fluctuates between continuing the prevailing uptrend or entering a new correction.</p> 
<h2 id="whale-activity-in-pepe">Whale Activity in PEPE</h2> 
<p style="text-align: justify">Pepe coin price has shown a steady recovery since last month, influenced by the rising trend line on daily charts. This dynamic support enabled the altcoin to grow by 195%, raising its value from $0.00000393 to an all-time high of $0.0000161. However, the general resistance of $0.0000108 prevented a daily candle close, causing PEPE’s price to drop to $0.00000925.</p> 
<p style="text-align: justify">According to the crypto analytics firm Spot On Chain, a recent transaction by a PEPE whale significantly impacted the token’s price. Thirteen hours ago, a multi-signature wallet identified as 0x1a2 transferred approximately $4.54 million worth of 457.9 billion PEPE tokens to Binance. This move, interpreted as a stop-loss measure, contributed to a 6% price drop for PEPE. Spot On Chain notes that the mentioned whale has a history of poor trading decisions. The whale lost $717,000 from two separate PEPE transactions in the last 15 days. Historical <a href="https://newslinker.co/" data-wpel-link="exclude">data</a> shows that the whale’s transactions often lead to sharp price drops when large amounts of PEPE are moved.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353199 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/IMG_8940.jpeg" alt="" width="1290" height="634"></p> 
<h2 id="price-analysis-of-pepe">Price Analysis of PEPE</h2> 
<p style="text-align: justify">However, this frog-themed <a href="https://en.coin-turk.com/meme-coin-surge-highlights-dogwifhats-breakthrough/" data-wpel-link="internal">meme token</a> currently trades above the aforementioned support trend line and may aim to align with renewed recovery momentum. Additionally, if the leading cryptocurrency Bitcoin sustains its price above $65,000 and PEPE stays above the rising trend line, buyers could push the next recovery jump to $0.0000138 and then to $0.0000167.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-coin-experiences-significant-price-surge/" data-wpel-link="internal">Pepe Coin Experiences Significant Price Surge</a></h5>

Pepe Coin Experiences Significant Price Surge

Table of Contents

COINTURK NEWS

Other articles published on May 19, 2024

Ondo Price Approaching Its All-Time High; Buy, Sell, Hodl?

Altcoins That Could Outperform Bitcoin in 2024

Bitcoin Whales Balance Returns To Pre-FTX Collapse Levels – Impact On BTC Price?

Toncoin Tsunami: $1 Billion Whale Activity Shakes Up Price – What’s Next?

Update: Kraken says no plans to delist USDT in Europe

Can Pepe Coin Price Overcome Whale-Induced Setback? Key Support Levels in Focus

Join our free newsletter for daily crypto updates!